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Started By
Message
re: PSA - The used car market right now is ridiculous
Posted on 7/22/20 at 10:38 am to Mr Perfect
Posted on 7/22/20 at 10:38 am to Mr Perfect
quote:
Mr Perfect
You are stupid on every board. Congrats.
0
Posted on 7/22/20 at 11:02 am to Retrograde
I was considering selling a used car and purchasing new in the next year or two. Is this a better opportunity than typical to do just that?
Posted on 7/22/20 at 11:08 am to Retrograde
quote:
They are not lying. If I was trading a paid off vehicle right now, I would want full NADA retail - $1000 and go from there. The only problem with trading a vehicle is now you have to buy one at current market value.
Depends. I got 1000 trade assist in addition to 4k factory incentive.
Got 12k for a basic trim 17' sonata with no upgrades sight unseen.
This post was edited on 7/22/20 at 11:10 am
Posted on 7/22/20 at 11:17 am to OT_alter
quote:
I was considering selling a used car and purchasing new in the next year or two. Is this a better opportunity than typical to do just that?
I'm in the same boat myself. Sounds like a good opportunity on the sell/trade-in side of things but I'm not to privy on the buying new side. I know it depends on what your purchasing though. In my situation, the Telluride/Palisade market is hot... so i doubt i'm getting any deals right now.
Posted on 7/22/20 at 11:24 am to TexasTiger34
You'll probably have to pay over sticker for a telluride. Idk about palisade but they probably aren't making deals.
It's the hottest vehicle on the market. The majority of the dealer shipments are pre-sold before even reaching the lot, and the handful that don't get pre-sold will sell in a day or two above sticker
It's the hottest vehicle on the market. The majority of the dealer shipments are pre-sold before even reaching the lot, and the handful that don't get pre-sold will sell in a day or two above sticker
This post was edited on 7/22/20 at 11:25 am
Posted on 7/22/20 at 11:33 am to JohnnyKilroy
yea that's kinda what i figured. we're not in a rush so i'll just wait it out. might wait long enough to get one used
would love to just talk my wife into a full size SUV and not this in-between territory...
would love to just talk my wife into a full size SUV and not this in-between territory...
Posted on 7/22/20 at 11:40 am to TexasTiger34
quote:They are both hot, but the telluride is so much worse. After shopping for it, I gave up because I was not going to pay at or above msrp that is ridiculous.
. In my situation, the Telluride/Palisade market is hot... so i doubt i'm getting any deals right now.
But I turned my attention to the palisade. It was bad too, but not as bad. Contacted dealers in a 300 mile radius from me.
Out of all those one was able to give me 10% off of the lowest other offer (Texas City Hyundai dealership). It even spooked me
. I tried to negotiate that and they weren't budging. Dude straight up told me I know all the prices around here. It got to a point where I was the one pursuing them, and not the other way around like it usually is. I flew down and picked it up.
Posted on 7/22/20 at 12:52 pm to castorinho
quote:
But I turned my attention to the palisade.
Also in the market for one of these. It’s ridiculous.
Posted on 7/22/20 at 1:06 pm to LSUtigerME
How about for anything other than a Telluride/Palisade? Is the new car market generally frothed-up just like used cars?
Maybe I can sell my car and ride the bus until it becomes a good time to buy new
Maybe I can sell my car and ride the bus until it becomes a good time to buy new
Posted on 7/22/20 at 1:55 pm to Retrograde
@Retrograde...
how does one get access to the MMR value? I'm looking at a certified 2017 Ram Laramie Longhorn Crew Cab 4x4 with 32k miles for roughly $34,500. Not sure how that stacks up against MMR value though.
how does one get access to the MMR value? I'm looking at a certified 2017 Ram Laramie Longhorn Crew Cab 4x4 with 32k miles for roughly $34,500. Not sure how that stacks up against MMR value though.
This post was edited on 7/22/20 at 1:55 pm
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Posted on 7/22/20 at 2:18 pm to Retrograde
What about a 2017 GMC Yukon Denali with less than 75K miles?
Posted on 7/22/20 at 2:43 pm to Retrograde
Thank you, sir
Posted on 7/22/20 at 2:45 pm to Retrograde
quote:That $ looks to be spot on against MMR. Don't forget there may be auction fees and transportation on top of MMR.
how does one get access to the MMR value? I'm looking at a certified 2017 Ram Laramie Longhorn Crew Cab 4x4 with 32k miles for roughly $34,500. Not sure how that stacks up against MMR value though.
Posted on 7/22/20 at 2:47 pm to Retrograde
i have a paid off 2016 Honda Pilot EX-L. 55k Miles. Great condition. Thinking about trading it in on a 2019 used Ford expedition. You thinking i should hold off?
Posted on 7/22/20 at 9:12 pm to Retrograde
Is there any opportunity to arbitrage an overvalued solid used car (2015 Lexus ES350, 35,000 miles or 2016 Sequoia SR5, 39,000 miles) to offset the cost of a new purchase? Seems like selling the overvalued used car and going with a new purchase would be the only way to play this trend.
I’d probably sell the Lexus, pocket the cash and/or sell the Sequoia and buy a new Sequoia, as I don’t really need 2 cars for the foreseeable future.
I’d probably sell the Lexus, pocket the cash and/or sell the Sequoia and buy a new Sequoia, as I don’t really need 2 cars for the foreseeable future.
Posted on 7/22/20 at 10:50 pm to Retrograde
You think car prices are insane, let’s talk boats. Buddy owns a dealership and people are bidding $80,000 bass boats above retail just to get one! What recession????
Posted on 7/22/20 at 10:53 pm to Retrograde
Sounds like my GMC dealer needs my 95K mile trade.
Posted on 7/23/20 at 6:42 am to Retrograde
We bought a used CRV for my wife in May. I thought we got a good deal as we got a lower price than any comparable within 250 miles.
I was a little surprised how much they low-balled our trade-in, though, and flat out refused to haggle over it. I ended up selling it in less than a week for $2k more than what they offered.
I was a little surprised how much they low-balled our trade-in, though, and flat out refused to haggle over it. I ended up selling it in less than a week for $2k more than what they offered.
Posted on 7/23/20 at 12:23 pm to Retrograde
You aren’t gonna be buying cars back of left book or near loan for quite some time, the book value is basically tossed out of the window. Lenders are advancing off of what auction invoice was, they could careless what the book says, F150’s are bringing insane $ at the moment.
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